TAQA Arabia inaugurates pioneering 6MW solar plant at Dina Farms
TAQA Arabia, Qalaa Holdings’ Energy Sector subsidiary, has announced in an event the commercial operation of its latest green private-to-private project in Egypt, a 6MWpv solar power plant for Dina Farms. The plant is funded by the European Bank for Reconstruction and Development (EBRD) as part of a financing package of up to US$ 10 […]
TAQA Arabia, MAN Energy Solutions study production of Green Hydrogen in Egypt
TAQA Power – TAQA Arabia’s Power Subsidiary – has signed a memorandum of understanding (MoU) with the Germany-based MAN Energy Solutions, regarding a pilot project for the local production of Green Hydrogen to fuel domestic tourist buses in Egypt. TAQA Power, in collaboration with MAN Energy solutions, will be conducting a feasibility study on employing […]
TAQA Arabia to build 2 Solar Stations with 5 MW total capacity in Somabay, Red Sea
With total investments amounting to USD 4 Million: TAQA Arabia to build 2 PV Solar Stations with total capacity of 5 MW total capacity in Somabay – Red Sea. El Missiri: “At Somabay, we live by the motto “Outstanding by Nature”, and this entails reducing our carbon footprint. It has been a longtime coming as […]
Master Gas signs contract with Ostool to install dual-fuel engines in its fleet
Taqa Arabia’s Master Gas has signed a EGP 1.2 mn contract with shipping company Ostool to install dual-fuel engines in its fleet of over 250 vehicles, which would make the cars run on both diesel fuel and natural gas, according to a press release. (Source: Enterprise.press)
Saudi’s Petromin Corp enters the bidding race for Wataniya Petroleum
The bidding war for the army’s Wataniya Petroleum is heating up: Saudi industrial oils giant Petromin is throwing its hat in the ring in what’s shaping up into a bidding war for Wataniya Petroleum, Bloomberg reports, quoting sources familiar with the matter. The company will compete with each of Qalaa Holdings’ Taqa Arabia, Dubai’s state-owned […]
TAQA Arabia, National Bank of Egypt sign EGP 916mn financing contracts
Abou Elfotouh: “NBE strives hard to support projects that aim to maintain the State’s economic stability, by securing strategic commodities, including petroleum products.” Kafafi: “Throughout our expansion plan, TAQA Arabia seeks to reach 200 CNG stations by 2023.“ Mofeed: “TAQA Arabia values the fruitful cooperation with NBE; Egypt’s largest financial institution in digitizing our services […]
Egypt doubles natural gas stations target to 1000 by end of 2021
Egypt should have 1k natural gas filling stations set up nationwide by the end of the year under a government-backed program to expand natgas refueling infrastructure as Egypt moves forward with its plan to convert or replace gasoline-fueled cars, Oil Minister Tarek El Molla said, according to Al Mal. The government had previously targeted ending […]
TAQA expands to become MENA’s first integrated Energy & Water Utilities Provider
Via launching “TAQA Water”: TAQA Arabia Expands Business to become The First Integrated Energy & Water Utilities Provider in MENA. TAQA Arabia, a subsidiary of Qalaa Holdings and the full-service utilities & energy distribution private-sector leader in Egypt, has recently announced growing its business portfolio by launching a brand-new subsidiary “TAQA Water”. This latest corporate […]
TAQA Arabia to build 180 natgas filling stations with EGP 3.6 bn investment
TAQA Arabia will invest EGP 3.6 bn to build 180 natgas filling stations between now and 2023, Executive Chairman Khaled Abu Bakr told Kelma Akhira’s Lamees El Hadidi last night. Qalaa Holdings’ energy distributor was announced last week as a private sector partner that will help expand the country’s network of natgas stations as more […]
Adnoc, Taqa Arabia in the running for a stake in Wataniya Petroleum
Adnoc, Taqa Arabia in the running for Wataniya: A number of investors at home and abroad have expressed interest in acquiring a majority stake in the military-owned oil distribution company Wataniya Petroleum, Bloomberg reported on Thursday. Buyer #1: State-owned Abu Dhabi National Oil Company (Adnoc), which produces most of the UAE’s oil, is interested in […]
